Owner's withdrawals
A) increase expenses
B) decrease expenses
C) increase cash
D) decrease owner's equity

Name: Owner's withdrawals A) increase expenses B) decrease expenses C) increase cash D) decrease owner's equity
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Owner's withdrawals are a decrease in owner's equity, as it is the owner taking profits out of the business for personal use. Therefore, the correct answer is D as it shows a decrease in owner's equity.

Owner's Withdrawals